The Flexible Display Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Flexible Display Global Market Report 2024, The flexible display market size has grown exponentially in recent years. It will grow from $19.65 billion in 2023 to $26.32 billion in 2024 at a compound annual growth rate (CAGR) of 33.9%. The growth in the historic period can be attributed to consumer electronics adoption, investment in research and development, growth in automotive sector, rise in e-commerce industry.
The flexible display market size is expected to see exponential growth in the next few years. It will grow to $79.36 billion in 2028 at a compound annual growth rate (CAGR) of 31.8%. The growth in the forecast period can be attributed to rising smart home integration, growing healthcare sector, growing adoption of smartphones, rise in disposable income, rising gaming and entertainment sector. Major trends in the forecast period include wearable technology, holographic displays, iot integration, eco-friendly and sustainable manufacturing processes, customization and personalization.
The rising demand for OLED-based devices is expected to propel the growth of the flexible display market going forward. An OLED refers to an organic electroluminescent (organic EL) diode, which is a light-emitting diode, that contains an emissive electroluminescent layer that gives good quality to the picture. Most flexible displays are made of OLED displays because they give better picture quality even when the screen is bent and twisted. For instance, in March 2022, according to the Retailers Association of India (RAI), an Indian retail trade association consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of 2021.Therefore, the rising use of OLED displays in devices such as smartphones and TV is driving the growth of the flexible display market.
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The flexible display market covered in this report is segmented –
1) By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types
2) By Substrate Material: Glass, Plastic, Others Substrate Types
3) By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display
4) By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications
Technological advancements have emerged as a key trend gaining popularity in the flexible display market. Major companies operating in the flexible display market are focused on technological advancements to strengthen their position in the market. For instance, in January 2022, Samsung Electronics, a South Korea-based developer of smartphones, laptops, and televisions, launched new displays, namely, MicroLed, Neo QLED, in their new Lifestyle Television models. The Neo Quantum Processor allows the TV to control its lighting and enhance the brightness and accuracy of all shapes on the screen. This contains cloud gaming, on-screen multitasking, and a wide range of cutting-edge personalized features.
The flexible display market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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